Millennium Research Group (MRG), the global authority on medical technology market intelligence, finds that US trauma device market, comprising internal fixation, external fixation, and long-bone stimulation devices, was valued at over $1.5 billion in 2005. According to the new report entitled US Markets for Trauma Devices 2006, growth in this market is being driven by such factors as increased popularity of innovative plating systems, the growing demand for and acceptance of minimally invasive solutions to fracture fixation, and a favorable pricing environment.
Internal fixation remains the preferred method of definitive fracture fixation among US surgeons. It requires comparatively less postoperative follow-up than external fixators and over the next five years, the preference for internal fixators will continue. Plates and screws continued to be the mainstay of the US internal fixation market in 2005, generating the majority of market revenues. This market has experienced rapid growth due to the continued penetration of premium-priced locking and periarticular plating systems. Over the forecast period, the popularity of these innovative plating devices will be a key driver of revenue growth in the US trauma market.
MRG's, US Markets for Trauma Devices report covers various key industry competitors, such as Synthes (SYST.VX), Smith & Nephew (SNN), Stryker Corp. (SYK), Biomet/EBI Medical (BMET), Zimmer (ZMH), DePuy (JNJ), Orthofix (OFIX) and DJ Orthopedics (DJO).
About Internal Fixation
Internal Fixation is a surgical procedure wherein fractured bones are fixed using devices such as, plates and screws; intramedullary (IM) nails; cannulated screws; IM hip screws; conventional hip screws; and pins, wires, and cables.
About Locking Plates
Locking plates are a specialized version of plating devices. These devices feature a threaded plate and screw head, thus allowing for stable construct at the fracture site regardless of bone quality.
About Millennium Research Group
Millennium Research Group (http://www.mrg.net/), a Decision Resources, Inc. company (http://www.decisionresources.com/), is a leading provider of strategic information to the health care sector. Focused solely on the medical device, pharmaceutical, and biotechnology industries, the company provides its clients with the benefits of its specialized industry expertise through published reports and customized consulting services.
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SOURCE: Millennium Research Group
CONTACT: Amy Krohn of Millennium Research Group, +1-416-364-7776 ext 101,